Banks in India: Open or Closed Status on July 7?
Despite some confusion surrounding Muharram observances, banks in India operated as usual on Monday, July 7, 2025. Muharram, which marks the Islamic New Year and includes the day of Ashura, was observed on Sunday, July 6, 2025.
The Reserve Bank of India (RBI) had confirmed that there was no nationwide bank holiday on July 7, and banks were open in all states. This clarification came after some initial uncertainty, as Guru Hargobind Ji's birthday was observed as a bank holiday on July 5 in certain states like Jammu and Srinagar.
It is worth noting that the Indian stock market (BSE & NSE) was also open on July 7, 2025.
On a religious note, Ashura, commemorated by Shia Muslims as the day of Imam Hussein's martyrdom, and Ashura for other Muslims, marking the day when Prophet Moses and the Children of Israel were saved from Pharaoh's tyranny, were observed on July 6 and 7, respectively.
In addition to the usual second and fourth Saturdays of the month, the RBI has scheduled a total of seven bank holidays for the month of July. The next bank holiday will fall on July 14, on the account of Beh Deinkhlam.
Other significant religious events observed during July 2025 include the death anniversary of U Tirot Singh in Shillong on July 17, Drukpa Tse-zi in Gangtok on July 28, Harela in Dehradun on July 16, and Ker Puja in Agartala on July 19.
[1] RBI Official Holiday Calendar for July 2025 [2] Banking Services Continue to Operate Normally on Bank Holidays [3] Clarity on Bank Holidays During Muharram Observances [4] Internet Banking Services Function as Usual on Bank Holidays
- Amidst the religious events in July 2025, such as Harela in Dehradun on July 16 and Ker Puja in Agartala on July 19, the Indian stock market, represented by the BSE & NSE, continued its operations on July 7, 2025.
- The Reserve Bank of India (RBI) had confirmed that, despite the observation of Muharram on July 6, 2025, and other religious events, banking services continued to operate normally on July 7, 2025, in all states of India.
- In the realm of the Indian financial sector, the Indian stock market and banking services remained active on July 7, 2025, making it a significant day for business, finance, and general-news updates.
